Telephone and Data Systems Q2 Earnings Preview (Rating Upgrade)

I am updating my previous analysis on Telephone and Data Systems (NYSE:TDS) in advance of Q2 2024 earnings, which will be released pre-market on Friday, August 2nd. In my last analysis, I rated TDS a hold as the share price and market cap were likely at or below the value shareholders would receive from a potential sale of US Cellular assets. The coverage and potential upside offset the downside risk from TDS's unclear path to profitability as a standalone entity. Since then, TDS has returned 32% while the ...